In the latest close session, Badger Meter (BMI) was up +1.1% at $127.50. This change outpaced the S&P 500's 0.45% loss on the day. Meanwhile, the Dow lost 1.21%, and the Nasdaq, a tech-heavy index, lost 0.01%.
The manufacturer of products that measure gas and water flow's shares have seen an increase of 0.17% over the last month, surpassing the Computer and Technology sector's loss of 1.9% and the S&P 500's loss of 2.43%.
Market participants will be closely following the financial results of Badger Meter in its upcoming release. The company is expected to report EPS of $1.21, up 1.68% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $240.55 million, indicating a 2.08% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.5 per share and revenue of $912.38 million, indicating changes of -6.05% and -0.47%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Badger Meter. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.73% upward. As of now, Badger Meter holds a Zacks Rank of #3 (Hold).
In terms of valuation, Badger Meter is currently trading at a Forward P/E ratio of 28. This valuation marks no noticeable deviation compared to its industry average Forward P/E of 28.
Meanwhile, BMI's PEG ratio is currently 3.11. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Instruments - Control industry was having an average PEG ratio of 2.18.
The Instruments - Control industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 107, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow BMI in the coming trading sessions, be sure to utilize Zacks.com.
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Badger Meter, Inc. (BMI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).